Originally posted by jmo21
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What to do with £10k?
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Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishing -
Is this 10k divi going to take you into the higher rate tax band?
If not, I'd love to know how you operate to still have a spare 10k at the end of the year.
I'm actually thinking of taking out a similar divi at the end of the year as I'm planning on making a few investments of my own. I'll be paying 40% on it mind you. I'd been paying into a pension for the last 10 years but I get a stronger and stronger suspicion that it will do no more than provide me with a bit of froth for my retirement.Comment
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Why are people still taking div's this late in the year? Don't many of you divi the full wack first month in and then put it somewhere to earn a percent or two more than the business account?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by d000hg View PostI can't really be arsed to do this, you end up with dozens of accounts all with different special rate periods, requirements on what you pay in each month, having to have direct debits set up, etc. You can get a lot more that way but it becomes something you have to work at and my working time is spent doing work
I quite enjoy squeezing the last few quid out of my savings so don't mind the hassle
Originally posted by northernladuk View PostWhy are people still taking div's this late in the year? Don't many of you divi the full wack first month in and then put it somewhere to earn a percent or two more than the business account?Comment
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Originally posted by Gittins Gal View PostNot always. It's always good to have a pot of cash or some liquidity at hand for a rainy day.
1. You can foresee ever needing this money back.
2. If you do, can you withdraw it from mortgage or is it gone if its paid.Rhyddid i lofnod psychocandy!!!!Comment
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Originally posted by jmo21 View PostI generally spread mine through the year.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostJust out of interest... why?
Oh and also, many banks won't let you take more than £10k out in one go without getting this set up, so taking it in £10k chunks as invoices come in might be 'easiest'.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostI've £10k sitting in my account after taking a dividend. I have not yet maxed out my and the wife's ISAs for the current tax year so that would normally be where I'd put it. On the other hand I have a mortgage (taken out May 2013) charging around 3.5% which allows me to overpay more than £10k each year fee-free.
I'll have more dividends before April but which makes most sense - get the mortgage payments reduced now with immediate effect seems best to me?Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Deposit for another BTL. You know it makes sense.What happens in General, stays in General.You know what they say about assumptions!Comment
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